Administer An Estate Plan
Anaheim Living Trust Lawyers Discuss How To Administer Trusts
Often, a California wills and trusts lawyer advises clients to use trusts to pass assets to their loved ones when they die. That’s because living trusts offer so many advantages over traditional wills. But it’s a misconception to think that setting up a living trust enables beneficiaries to take property automatically, without any further administration. On the contrary, once the creator of a living trust passes away, the successor trustee takes on multiple duties and responsibilities. When someone needs to administer an estate plan we are here to help the trustee or administrator to follow the correct process in California.
Many successor trustees hire attorneys to help them fulfill their duties
In many cases, a person appoints his son or daughter to serve as a successor trustee. Of course, any son or daughter who is appointed as successor trustee wants to carry out a parent’s wishes. Yet successor trustees often are busy professionals who have young families of their own. They do not have the time to investigate their responsibilities or to deal with paperwork. That’s where we come in. As Anaheim trust attorneys, we help clients administer trusts.
Our Anaheim estate attorneys focus on trust issues
We cover all aspects of trust law. We create trust documents for our clients. We also work with clients to revise their trust documents and to keep track of trust assets. Finally, we help people administer trusts. We recommend that people who are serving as successor trustees view our complimentary DVD, Understanding the Revocable Living Trust In Language that Anyone Can Understand in 8 Minutes.
When we work with a trustee, we explain the person’s duties, and we help him fulfill those duties
We believe in educating our clients. Not only does this help them understand their legal issues in both general and specific terms, but it also helps them feel more confident in their decisions.
When we are asked to assist with the administration of a trust, we begin by reading the trust documents and locating the trust’s assets. We meet with the trustee to discuss any issues that must be addressed immediately. We also discuss the trustee’s ongoing responsibilities. We explain the specific duties the trustee must perform and discuss how the trustee can carry out those duties.
The trustee must make important decisions regarding assets and other issues. We provide focused advice to support him. Our goal is to provide enough information and support so that the trustee feels as though he is making competent, informed decisions.
Please contact our Anaheim trust attorneys if you’ve been appointed as a successor trustee
If you would like our Anaheim, California estate attorneys to discuss trust administration, contact us. You may reach us by calling (714) 459-5481 or by filling out an online contact form.
We help people who live in or near Anaheim, Orange, Villa Park, Yorba Linda, Fullerton, Huntington Beach, Placentia, Santa Ana, Irvine, Garden Grove, and La Habra.
Helpful Articles About Administering an Estate Plan
Distribution of Trust Assets to Your Loved Ones.have any questions about your revocable living trust please call us at (714) 282-7488.read more
Know the 7 Types of Debt that May Arise During an Estate Administration. We encourage you to contact us today at 714-282-7488.read more
Do Beneficiaries Need to Be Notified of the Existence of a Trust? please contact our office and one of our experienced estate planning attorneys.read more
Inheritance tax laws in different states may cause issues for couples. Having a good estate plan in place can help you avoid many issues.read more
Many people accept appointment as executor without understanding the magnitude of responsibilities of executors. Read more about what you should know here!read more
Are you a trust beneficiary? You have rights as a beneficiary and need to know what can and cannot be done by the trustee.read more
Wondering why you need an accounting and what you need to prepare for an Orange County trust? View here for a detailed overview of these questions.read more
What does it mean to be a successful trustee? We know you want to do things right, and we can help you with all the things you need to know. Contact us today to set up an appointment to get on the right track.read more
As trustee, do I need an attorney to help me fund a sub-trust? In most cases, the answer is yes, trustees should seek guidance from an experienced attorney when it comes to the administration of a trust involving sub-trusts.read more
During the administration of a special needs trust, the trustee has many responsibilities. In order to make the administration process easier on the trustee, it is important to obtain HIPAA releases before making payment to these health care providers.read more